The fund aims to back startups poised to become unicorns across areas such as AI, fintech, digital content, and logistics.
Mirae's Neelesh Surana sees ample opportunities in sectors with fair valuations, with most ideas likely to see earnings growth. "A modest valuation premium is still justified, given structurally lower cost of capital," he added.
Varun Goel of Mirae Asset Investment Managers believes that over a 10-15 year period, the compounding effect in small caps can be substantial. While Nifty's 30-year return is around 11-12%, the small cap index has delivered 17% over 20 years, he added.
The Group, through its investment vehicles SmallCap World Fund Inc and New World Fund Inc, carried out the transaction in small tranches over the last three months
Sharekhan Ltd is engaged in the business of stock broking, commodities/currency derivatives broking.
On private sector capex, Mirae Asset's view is that it has been growing, but not in sectors like power, metal and mining.
He suggests that medium-risk investors allocate 40 percent each to large cap funds and mid cap or multi cap funds (core portfolio), and the remaining 20 percent to good stories (investment themes).
On December 12, Mirae Asset acquired retail broking firm Sharekhan from BNP Paribas for Rs 3,000 crore, marking a shakeup in the industry. As of November end, Mirae Asset had 2.42 lakh NSE active clients while Sharekhan had 6.24 lakh active clients
The broking industry has got one more serious player with strong backing. Competition in the field will intensify as Mirae Asset aggressively pushes Sharekhan to justify its acquisition and improve its market share
Rahul Chadha, Chief Investment Officer at Mirae Asset Global Investments, provides insights into his near-term market outlook and explains his decision to take profits off the table as the bulls dominate Dalal Street.
The funds will be used for expanding B2C penetration via m.Stock platform, and establishing firm ground for the institutional business as well as investment banking, the company has said
Overall, because of the negative sentiment, this is definitely going to impact the profitability of many brokers.
Mirae Asset is the only Korean fund operating in the country and since its entry in 2008, it has grown to become the 12th largest fund house in the country with an AUM of Rs 1.16 lakh crore as of February 2023.
The generally accepted normal range of cash proportion held by MFs is 1- 5 percent. However, only eight among the top 20 MF houses are currently holding cash below 5 percent of their AUM.
Bank stocks remain the market’s darlings on the back of an increase in capital expenditure and the cleaning up of bad loans on their balance sheets.
The entire panel said they were Overweight on financials at the moment, on the back of good earnings visibility and strong asset quality
AppsforBharat was founded by Prashant Sachan, one of the co-founders of Trell.
If global investing starts with US markets, then where should we head to next, and how should we strategise our investment is the core of this 30-minute conversation.
“One of my biggest financial regrets in my life is that I did not start investing early. I was 26 when I made my first investment. Even that it is late. Start investing as early as you can in life,” he says.
In this 9-part special webinar series we have been discussing all about ETFs and benefits of investing in an ETF
Presenting a special series Moneycontrol asked three market experts a simple question: where to invest Rs 10 lakh right now? Here’s what Swarup Mohanty, chief executive officer of Mirae Asset Global Investments (India) has to say:
The round was co-led by LB Investments.
In a period of pandemic-driven volatility, the AMC’s top stock holdings include companies like HDFC Bank, ICICI Bank, Infosys, RIL, Axis Bank, TCS, Maruti Suzuki, and Dr Reddy’s Laboratories; firm eyes under-penetrated sectors
Here's how you can diversify your portfolio and gain exposure to global funds.
Jai Kisan has also launched Bharat Khata, a digital ledger and smart business solution for rural business to manage their business anytime anywhere.